Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.8254 | −0.0135 | get 0.0017% / 1h | 25m 12s | $199K | $135K | 10x | Long Kraken Futures | |
| SHORT | 1.8223 | +0.0100 | get 0.0013% / 1h | 25m 12s | $94K | $205K | 20x | Short TxFlow5% off |
Price gap−0.168%
Funding gap+0.0235% /8h
Funding pays +$7 a day on $10k, but the gap is 0.043% under its 7d average: −$4 if it goes back, about 15 hours of funding. At the last 7 days' pace that is about 6 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$120+0.0235% /8h now · paid +1.197% over the last 7D
Price−$4spread −0.168% now, avg −0.125% → −0.043% if it goes back
Costs−$700.703% of $10k · taker + slippage, in and out
Result+$45+0.45%+ Points / potential airdropTxFlow: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.168%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hRAY on 20 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size11.7 / 22.5 bpAt $10k entering TxFlow costs 22.5 bp, fee and slippage, 1.9× Kraken Futures’s.
- Note: Margin at max leverage$1,000 + $500Kraken Futures 10x, TxFlow 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: +$7.05Long Kraken Futures: 24 payments, +$4.05; short TxFlow: 24 payments, +$3.00.
- Watch: Gap narrower than usual−0.168% vs −0.125%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$94K vs $199K OITxFlow sets your exit cost. Check its book before closing.
- OK: Points on a legTxFlow pointsVolume here counts toward the points program.
- Watch: KYCKraken Futures Yes · TxFlow NoFull verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0570%/8h × 21 periods+$119.69
Price spread−0.168% → −0.125% (7d avg)−$4.31
Slippage, 4 orderslive order books−$51.31
Fee Kraken Futures bp × 2 orders−$10.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k+$45.07
Costs to cover0.703%Break-even4.4 days
Slippage: Kraken Futures: live order book, 23 min ago; TxFlow: live order book, 21 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGKraken Futures2.1811.7 bp−$1289.4 bp−$894doesn’t fitdoesn’t fit
SELL · SHORTTxFlow1.9122.5 bp−$23doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
Phoenix